Analysts Set Radius Global Infrastructure, Inc. (NASDAQ:RADI) Price Target at $15.40

Shares of Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) have received a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.40.

A number of research analysts have commented on RADI shares. Raymond James downgraded shares of Radius Global Infrastructure from a “strong-buy” rating to an “underperform” rating in a research note on Friday, March 3rd. Credit Suisse Group downgraded Radius Global Infrastructure from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $15.00 in a research note on Friday, March 3rd. Finally, Jefferies Financial Group cut Radius Global Infrastructure from a “buy” rating to a “hold” rating and upped their price objective for the company from $14.00 to $15.00 in a research note on Monday, March 6th.

Hedge Funds Weigh In On Radius Global Infrastructure

A number of large investors have recently bought and sold shares of RADI. FIL Ltd bought a new position in shares of Radius Global Infrastructure during the first quarter valued at approximately $56,766,000. Sand Grove Capital Management LLP bought a new position in Radius Global Infrastructure during the 1st quarter worth $18,989,000. First Trust Capital Management L.P. acquired a new stake in Radius Global Infrastructure in the first quarter worth $18,884,000. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Radius Global Infrastructure in the first quarter valued at $17,826,000. Finally, Long Pond Capital LP boosted its holdings in shares of Radius Global Infrastructure by 37.7% during the third quarter. Long Pond Capital LP now owns 4,046,547 shares of the company’s stock valued at $38,118,000 after acquiring an additional 1,106,957 shares during the period. Institutional investors own 94.50% of the company’s stock.

Radius Global Infrastructure Stock Up 0.1 %

Shares of NASDAQ RADI opened at $14.76 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -9.58 and a beta of 1.64. Radius Global Infrastructure has a 1 year low of $7.97 and a 1 year high of $16.52. The company has a debt-to-equity ratio of 2.33, a quick ratio of 2.84 and a current ratio of 2.84. The stock’s 50-day simple moving average is $14.66 and its 200-day simple moving average is $13.18.

Radius Global Infrastructure (NASDAQ:RADI – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The company reported ($1.09) earnings per share (EPS) for the quarter. The business had revenue of $36.99 million for the quarter, compared to analysts’ expectations of $34.26 million. Radius Global Infrastructure had a negative return on equity of 11.97% and a negative net margin of 69.98%. As a group, equities analysts anticipate that Radius Global Infrastructure will post 0.15 earnings per share for the current fiscal year.

Radius Global Infrastructure Company Profile

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Radius Global Infrastructure, Inc, together with its subsidiaries, engages in the acquisition and rental of telecom real property interests and contractual rights. The company leases wireless towers or antennae, and other communications infrastructure. As of December 31, 2021, it had interests in 8,506 leases situated on 8,186 communications sites located in the United States and 19 other countries.